Today, volatility has started to deflate as you can see in the chart below, so I am closing out early and taking my profits.
I exited the trade for a debit of $6.50.
7.17-6.50= 0.67 net profit
0.67/13.33 risk= 5% in 1 day!
Thursday, March 20, 2008
CLOSE: AMP Short Straddle +5%
On 3/19/08 I opened this trade for a credit of $7.17.
Today, volatility has started to deflate as you can see in the chart below, so I am closing out early and taking my profits.
I exited the trade for a debit of $6.50.
7.17-6.50= 0.67 net profit
0.67/13.33 risk= 5% in 1 day!
Today, volatility has started to deflate as you can see in the chart below, so I am closing out early and taking my profits.
I exited the trade for a debit of $6.50.
7.17-6.50= 0.67 net profit
0.67/13.33 risk= 5% in 1 day!
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